May 16th, 2016Community, Frugal Crowd, Green, VideosComments Off on Ontario’s Training Program Vouchers for Canadian Social Enterprises & Entrepreneurs Who May Apply August 29, 2016 – July 3, 2017; Delivery Organizations Apply before June 13, 2016

The following video presents Social Enterprise in Ontario:

“Social Enterprise makes up a sector of the economy that focusses on a triple bottom line: profits, people, and the environment.

Meet some of the social entrepreneurs in and around Ontario, and learn what it means to be a social entrepreneur.”

In partnership with the Ontario Centres of Excellence (OCE), the Ontario Social Impact Voucher (OSIV) program will provide 200 vouchers worth up to $3,000 each to eligible social entrepreneurs across Ontario to access relevant training programs such as business planning or marketing to help scale up their business.

OCE will select delivery organizations as service providers for eligible social entrepreneurs and enterprises awarded a Social Impact Voucher through an open call.

The application process for delivery organizations is open from May 9, 2016 to June 13, 2016.

Social entrepreneurs and enterprises will apply to the OSIV Program once delivery organizations are selected.

A maximum of one voucher will be allocated per eligible social enterprise.

The application process for social entrepreneurs and enterprises will open from August 29, 2016 to July 31, 2017.

Funding for this program is provided by the Government of Ontario through the Ministry of Economic Development, Employment and Infrastructure (MEDEI).

Last year, 125 vouchers were fully subscribed within the first six months of the program’s launch, allowing participants to grow their business in terms of both customers and partnerships through useful training programs. Participants in the pilot program include social enterprises across a range of sectors, including health, cleantech, digital media and information and communications technology and advanced manufacturing.

Supporting youth entrepreneurship opportunities and helping start-ups succeed is part of the government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario’s history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

Quick Facts

Social enterprises use business strategies to achieve a social or environmental impact. While generating revenues from the sale of goods and services, they also expressly intend to create positive outcomes and they measure their results. As their business grows, the social impact grows.

Up to 200 Ontario-based social entrepreneurs endorsed by an Ontario Network of Entrepreneurs (ONE) member organization may be eligible for a voucher worth up to $3,000.

More than 200 videos were submitted by individuals or teams for the Make Your Pitch competition. The videos could be up to two minutes long and describe the participants idea for a new business or innovation.

The competition is part of Ontario’s Youth Jobs Strategy. Over 4,700 jobs have been created under the strategy since it launched in the fall of 2013.

“We are focused on supporting growth across our economy. Through initiatives like the Ontario Social Impact Voucher and Make Your Pitch competition, we are nurturing the next generation of business leaders who will make a difference in building our economy up. By encouraging new entrepreneurs to start up, and small businesses to scale up, we will deliver new jobs and transform our economy.”Brad Duguid
Minister of Economic Development, Employment and Infrastructure

“Ontario Centres of Excellence is pleased to continue our partnership with the Ontario government to promote entrepreneurship through Make Your Pitch and Ontario Social Impact Voucher. Through these programs, we’re supporting promising entrepreneurs to transform their ideas into experience, and also scale up their ventures into more viable business.”
Tom Corr
President and CEO, Ontario Centres of Excellence